Austal announces CEO transition

The managing director and CEO of Austal Andrew Bellamy has elected to take a career sabbatical and therefore tendered his resignation from Austal.

Non-executive director David Singleton has been selected to succeed Mr Bellamy under a considered succession plan. Mr Singleton will commence full time as CEO-designate from the beginning of February and formally assume the role on April 4, 2016. Mr Bellamy will remain at Austal until the end of April 2016 under a formal transition period and the two will work closely over the coming months to ensure an efficient handover.